Monthly Archives

November 2013

Fundraising small donor by small donor

By | Fundraising | No Comments

iStock_000006237376XSmallOne fundraiser related her story of how she got into the profession: I was working for a mid-size corporation and was asked to handle the annual United Way Campaign. I knew absolutely zero about fundraising. I first went to the Vice President for Human Resources and asked that the company double whatever I could raise. He readily answered in the affirmative. I then went to each department, talked about core United Way services that could one day help them or their neighbors or friends, and then I asked every person to contribute a dollar per paycheck. Only a dollar.

When nearly every employee signed up, the company’s match was much more significant than they had anticipated, but they followed through. The CEO was congratulated publicly, with press coverage, by the local United Way Executive Director. Everyone profited.

What are the fundraising lessons from this experience?

Don’t discount small donations; rather, encourage them, especially in a campaign for small donations from lots of donors. “Every dollar counts” has become a tired phrase, but it’s true nonetheless. Every dollar does count. One fundraiser recently heard that a performing arts school needed new tutus that were not in their budget. She asked her friends for $5 each and asked them to ask their friends for $5 each. (What is social media for, after all?) Soon there were new tutus.

People want to donate but those who only have the capacity for small donations often shy away from contributing because they don’t think their gift will make a real difference. Imagine how good they would feel if they were told, You are one of 20 people who helped purchase this tutu. Helping people see how their particular gift makes a difference will encourage them to donate. (This is true for donors at every level.)

Ask a donor with the capacity for a major gift to create a matching gift that will double or triple all donations of $100 or less in the next two months until their entire gift is matched. All of a sudden, a donor who is able to contribute $25 feels as if their contribution to that cause is much more significant. And the major gift donor also benefits – that gift helped bring in many other donors, several of whom may be new donors to that cause, which in itself is quite valuable.

Donors who have made small gifts may turn into volunteers. They may offer in-kind contributions. They may even give larger gifts if their life situations change. But donors who give a gift at any level, year after year, are key contributors to the long-term sustainability of your organization. Thank them, thank them, and thank them again, and everyone will profit.

If you or your Board need donor-tracking software to increase your ability to have effective campaigns of any size, please contact us to see how we can help.

Software Simplifies Grant Reporting

By | Grant Management | No Comments

Africian American Woman on White Seamless with laptopAbila Software simplifies grant reporting so that you can position your nonprofit to be more successful in being awarded government and foundation grants. The right technology can reduce your administrative workload and help to improve your relationship with valued contributors.

Tracking reporting deadlines: Create a master calendar with the deadline dates for interim and final reports for each grant you receive. Grant Management software will help you coordinate your workload and know what special tasks are coming up in the months ahead. You can also create internal deadlines to give your staff advance notice of the components they are responsible for. Most of all, you don’t want your funders to have to remind you that a report is due. Worse yet, you don’t want to be told that you’re holding up their audit because you didn’t submit a report on time.

Producing financial reports: Most grant reports will require both narrative and financial sections. They update a grant maker on the progress you made with the deliverables you proposed and provide a budget to confirm that funds were spent as projected. With the right software, you’ll have all the information at your fingertips already categorized by the budget line items you need instead of being caught scrambling at the last minute.

Improving donor relations: Your relationship with your donors is one of your most important assets. Technology makes it easier to stay in touch and demonstrate your excellence. That increases the chances of renewed support. Plus, grant makers often ask each other for feedback and recommendations so you’ll be generating good word of mouth.

Welter Consulting optimizes software solutions like grant management and fund accounting, so you can get back to your mission. Contact us to learn more about our financial, administrative and support resources that can deliver the results that nonprofits need.

Build a Successful Major Donor Fundraising Program

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iStock_000007489713XSmallCelebrate the New Year by resolving to build a successful major donor fundraising program. Focusing on your largest givers is the quickest way for any nonprofit to bring in more funds and create a stable revenue stream. The right fundraising software can help you at every stage in the process.

The Pareto Principle holds true for fundraising. The top 20% of your donors will provide about 80% of your total income. An integrated donor management system allows you to pull together data from multiple sources in order to identify and serve these valuable constituents. You will be able to analyze giving patterns in terms of amount and frequency, and whether people are interested in general support or specific programs like scholarships or a new building. You may even find potential donors in unexpected places such as your volunteers or event attendees. Once you identify them, you can also use your system to track contact history and develop reliable data for designing renewal and upgrading strategies.

Detailed reports give you a clearer picture of your potential and performance. You’ll see if your major donor base is growing or declining. You’ll also be able to map out a gift pyramid showing you how many donors you need at each giving level to meet your objectives.

Of course, major donor fundraising is time and labor intensive. Technology allows you to target your resources for where they will have the most impact. It helps you to be more responsive to your donor’s individuals needs and communicate with them regularly and effectively. Most of all you’ll become a good steward of the contributions you receive. You’ll avoid missed opportunities by connecting with people who are dedicated to your cause and using the appropriate cultivation and solicitation strategies.

Contact us to learn more about effective nonprofit software solutions. We can help you build the financial and administrative infrastructure you need to enable you to advance your mission.

Get Your Donor Management in Place before the End-of-Year Rush

By | Fundraising | No Comments

Happy New Year 2014 replace 2013 concept on the sea beachMost people think of the week between Christmas and New Year’s as a great week to take vacation. Families fill planes, trains and automobiles to get together across the country, snowbound New Englanders head for the Caribbean, groups of friends shop the after-Christmas sales, and in general most people aren’t thinking about work.

But if you work in the nonprofit industry, you know that someone has to be in the office during that critical week between Christmas and New Year’s, because that’s when lots of donors make last-minute donation decisions. If there’s no one in the office to handle the nonprofit’s side of the donation transaction (especially with regard to a donation of stocks, or property), the nonprofit might lose out. Then there are all the checks arriving by mail during the week as well; someone has to process those donations and get the checks to the bank.

Regardless of who is designated to handle these end-of-year donations, your entire team can benefit from a robust donor management system when it comes to efficiently processing the end-of-year rush. Capably getting the hard copy checks to the bank is pretty straightforward—but if you don’t have a donor management system in place, your team might be playing “catch up” in January in order to get annual donor letters out the door in time.

You also never know if someone is going to walk in the door and announce that they want to donate a parcel of property down the street, or call to arrange a gift of some of the stocks they inherited from grandma 6 months ago. Without a powerful software system that is tailored to the particular needs of nonprofits, these donations can be pretty difficult to handle appropriately in a short period of time.

If your accounting and fundraising teams are not completely in sync, you might find yourself mandating work days at the end of December—when you could be letting a software program do the bulk of the work. Yes, someone will need to mind the office during the last week in December, but if you have appropriate donor management software in place, when staff returns to work in January, they will be able to easily pick up their piece of the process and seamlessly generate thank you notes, financial reports and management updates with ease. So prepare now for the end-of-year giving rush, and implement an updated donor management program today.